3 Reasons You Should Hire a Credit Repair Company
Repairing credit can be quite a challenging and time-consuming endeavor. If you’re like most people, you have the will to do your own credit elevation, but just don’t have the time or knowledge required to make a compelling case.
You see, a bad credit history has a negative impact on a variety of things, including the interest rate you pay on loans, your insurance rates, and even your chances of getting a job. Hence, credit repair is a necessary process. While fixing your credit on your own is certainly an option, any mistakes you make during the process can further damage your credit. Here are three reasons why working with a professional credit repair company is a safer and better option.
They Have the Knowledge and the Expertise
Unlike the common man, credit repair companies have the consumer credit knowledge and the specialized skills required to develop effective credit elevation strategies. They have a detailed knowledge of every process and law your creditors don’t want you to know, including laws like the Fair Credit Billing Act (FCBA), the Fair Credit Reporting Act (FCRA), and the Fair Debt Collections Practices Act (FDCPA).
Moreover, they also know the right steps to take if a creditor substantiates what they report about you in the credit bureaus. If you aren’t familiar with the different steps of the credit elevation process, it’s best to enlist the help of a reputable credit repair company.
They save You Time
We mentioned above that repairing your credit can be a time-consuming process. Let us elaborate on that point a bit. Even if you’re familiar with the concepts of credit reporting and credit scores, and know the different consumer laws, you still need to perform a multitude of credit repair tasks including but not limited to:
- Determining the appropriate consumer protection laws that apply to your specific case
- Contacting the right credit bureau or creditor to notify them about the issue
- Following up based on the responses you receive
- Keeping track of all the correspondence and paperwork
- Getting documents notarized if they require authentication
They Dive into the specifics
In order to pinpoint your credit issues, credible credit repair companies will examine your reports from all three major credit bureaus. This is because each credit reporting agency has their own unique “data providers” reporting your credit data to them. This is why, sometimes, there are discrepancies between different credit reports. Once the error has been pointed, you then give the credit repair company any supporting documents you have.
If you’re looking for quick credit repair services, Get in touch with us at Oak Credit Repair. A leading Michigan-based credit score specialist, we cater to clients all over the United States.